iRobot (NASDAQ:IRBT) Lifted to Hold at BidaskClub

BidaskClub upgraded shares of iRobot (NASDAQ:IRBT) from a sell rating to a hold rating in a research report report published on Tuesday morning, BidAskClub reports.

IRBT has been the subject of several other research reports. Zacks Investment Research lowered shares of iRobot from a hold rating to a sell rating and set a $95.00 price target for the company. in a report on Wednesday, June 26th. Citigroup set a $95.00 price target on shares of iRobot and gave the company a hold rating in a report on Wednesday, July 3rd. Piper Jaffray Companies decreased their price target on shares of iRobot from $96.00 to $75.00 and set a neutral rating for the company in a report on Wednesday, July 24th. Canaccord Genuity decreased their price target on shares of iRobot from $114.00 to $75.00 and set a hold rating for the company in a report on Thursday, July 25th. Finally, Dougherty & Co reissued a neutral rating on shares of iRobot in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $90.43.

IRBT traded up $0.29 during trading on Tuesday, reaching $59.56. 10,756 shares of the company’s stock were exchanged, compared to its average volume of 959,806. The company’s fifty day moving average price is $62.25 and its 200-day moving average price is $88.64. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.90 and a current ratio of 3.15. iRobot has a fifty-two week low of $57.18 and a fifty-two week high of $132.88. The firm has a market capitalization of $1.68 billion, a PE ratio of 13.67, a P/E/G ratio of 1.46 and a beta of 1.59.

iRobot (NASDAQ:IRBT) last released its earnings results on Tuesday, July 23rd. The industrial products company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.22. iRobot had a net margin of 7.57% and a return on equity of 16.06%. The firm had revenue of $260.17 million during the quarter, compared to analyst estimates of $267.96 million. During the same quarter in the previous year, the business earned $0.37 EPS. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. Research analysts forecast that iRobot will post 2.73 earnings per share for the current fiscal year.

In related news, Director Mohamad Ali sold 780 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $61.11, for a total value of $47,665.80. Following the completion of the transaction, the director now directly owns 12,634 shares of the company’s stock, valued at approximately $772,063.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.01% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC boosted its stake in iRobot by 3.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 11,048 shares of the industrial products company’s stock worth $1,012,000 after purchasing an additional 357 shares during the period. Gagnon Securities LLC lifted its position in iRobot by 177.8% during the 1st quarter. Gagnon Securities LLC now owns 113,289 shares of the industrial products company’s stock worth $13,333,000 after buying an additional 72,507 shares in the last quarter. Scout Investments Inc. lifted its position in iRobot by 65.2% during the 2nd quarter. Scout Investments Inc. now owns 68,517 shares of the industrial products company’s stock worth $6,279,000 after buying an additional 27,034 shares in the last quarter. Advisor Group Inc. lifted its position in iRobot by 66.5% during the 2nd quarter. Advisor Group Inc. now owns 2,856 shares of the industrial products company’s stock worth $263,000 after buying an additional 1,141 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its position in iRobot by 135.9% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 31,618 shares of the industrial products company’s stock worth $2,897,000 after buying an additional 18,216 shares in the last quarter.

About iRobot

iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stairs.

See Also: How are the companies in the S&P 500 selected?

Analyst Recommendations for iRobot (NASDAQ:IRBT)

Receive News & Ratings for iRobot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iRobot and related companies with MarketBeat.com's FREE daily email newsletter.